SinoDaan(SZ:300635) Xin Lang Cai Jing·2025-09-25 11:52Core Viewpoint - The company, Zhongda An, plans to issue up to 42,040,200 shares to Xiamen Jianxi, raising no more than 366 million yuan, which will be used for working capital and debt repayment. This will result in a change of controlling shareholder and actual controller [1][3]. Group 1: Issuance Details - The issuance aims to raise funds not exceeding 366 million yuan, with all proceeds after issuance costs allocated to supplement working capital and repay debts [1]. - Xiamen Jianxi, established in May 2024, will hold shares in Zhongda An and has no current operating business [2]. Group 2: Shareholding Structure and Control Changes - Before the issuance, Xiamen Jianxi held no shares in Zhongda An, while Liko Dinsen was the controlling shareholder. Post-issuance, Xiamen Jianxi will own 23.08% of the shares, becoming the largest shareholder and gaining control of the company [3]. - The actual controller will shift from the Jinan Licheng District Finance Bureau to Wang Li [1][3]. Group 3: Competition and Related Transactions - Wang Li's controlled enterprises do not compete with Zhongda An's main business, and the issuance will not introduce significant adverse competitive impacts [4]. - The issuance constitutes a related transaction, but no new unfair related transactions will arise apart from the stock subscription [4]. Group 4: Control Change Considerations - The synergy between the new controlling entity's renewable energy business and Zhongda An's operations is expected to enhance business transformation and profitability [5]. - Wang Li possesses extensive management and investment experience, indicating capability in managing the company post-issuance [5]. Group 5: Reasons for Control Transfer - The Licheng District Finance Bureau is relinquishing control to focus on business transformation and attract smart manufacturing projects, aligning with local industrial development goals [6]. Group 6: Previous Financing Withdrawal Impact - The previous financing attempt was withdrawn in April 2024 due to market conditions, but this will not adversely affect the current issuance [7].